One of a company’s largest expenses can be vehicles. Whether a sole trader with a “white van” or a larger business that operates a fleet of vehicles you need to know what your options are and the most cost effective way of operating company vehicles.
Traditionally many companies bought their vehicles and kept them for a certain amount time before renewing them. More recently businesses have turned to contract lease hire as an alternative to owning the vehicles. But what is the difference for companies?
Off Balance Sheet Financing
Leasing vehicles is referred to as “off balance sheet financing”- this means the vehicles are not shown on a company’s balance sheet as either an asset or liability as they would be if purchased with a loan. By keeping vehicles and other equipment off the balance sheet it reduces the debt burden of that company. Businesses only have
Are you struggling to obtain credit in order to buy a carHow do you get a car with bad credit or no credit history?Are you struggling to obtain credit in order to buy a car? Have you been turned down for loans and HP because of bad credit or a lack of credit history?There are many reasons why you may struggle to get any type of finance. You may have a poor credit history having defaulted on past agreements. You may live with or have lived with someone who has a bad credit rating. If you are a new business in your first year of trading you won’t have a full set of accounts to show how much your business is turning over, in fact it could be 2-3 years before you have enough trading accounts to obtain credit.Funding a vehicle can prove difficult and you may feel like you are running out of options
Over the last half-century, it’s safe to say there have been a number of turgid vehicles which for better or worse, should have been aborted at the drawing board. To say western car manufacturers have a lot to answer for would be an understatement, especially when it comes to rolling death traps such as the infamous Ford Pinto, or every pre-VW takeover Skoda.
For a little Friday fun, the team at CVS Ltd have put our heads together (and scoured Google) to drag up memories of the ugliest, most counterproductive vehicles to hit the roads.
See, Back to the Future may have turned the flawed idealism behind this car into a sacred cow of cinema, but the reality is it’s simply a bad car. Leaky, unreliable, dodgy electronics and an obtuse door design – alas, none of this stopped the DMC-12 becoming an icon.
The Fiat 500 Fun, funky, and good looking, but that’s enough about the CVS team! Let’s take a look at the Fiat 500.Everyone’s friend, the Fiat 500, with its huge personality, is sure to put a smile on any driver's face, whether you are behind the wheel or just overtaking.The first Fiat 500 was manufactured in 1957 and known as 'the tiny little mouse’ and at a cost of £400 new it was cheap, practical and captured the hearts of many. 59 years later and the love affair with the Fiat 500 continues.The Fiat 500 is smaller than the mini and it is fair to say that this really was the first micro car.The Fiat 500 the racing versionAbarth & Co. created a racing version putting in an engine that looked as if it may f [...]
We can control our household appliances, central heating and lights in our home through our smart phones, so no surprise that technology is now being used in cars to help monitor our driving.
Millions of cars globally now have a ‘Black Box’ as more drivers choose telematic insurance policies.
The ‘Black Box’ will potentially save insurance companies billions in losses each year, monitoring speed, acceleration, braking and helping insurance companies to weed out fraudulent claims. USA and UK being the counties which are favouring the ‘Black Box’ more than any another countries, but as the dodgy car insurance claims spread into each country there will be without doubt more countries adopting telematic insurance policies.
The black box’s record and then supply data which can be analysed giving insurance companies a full understanding of a crash, even if only one car has a black box installed.
Today I was driving along a country lane and met a Range Rover, this luxurious beast of the road, contained a family along with a rather large dog. It effortlessly moved onto the verge to allow me to pass, and as I drove by I had a feeling of jealousy………..I would like to be able to drive up verges and I want a dog!
Lets take a look at the Range Rover and how it has changed over the generations:
The first Range Rover was revealed to the world 46 years ago and is now probably the most successful luxury all terrain vehicle.
In 1970 the first generation of the Range Rover was launched.
The Classic ran from 1970 to 1994, and featured a light weight aluminium V8 Engine, [...]
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope.